Living in a rural area located in the Kror Kor district of Pursat province, Marin is 54 years old and married with four children, one of whom is dependent on her and still in school. To support her family, she has been farming rice for thirty years and supplements her family’s income by raising pigs. From the current business, she can earn about 20,000 KHR per day and can save about 10,000 KHR each day for future needs. Insufficient working capital is still the main challenge for her current business.
This is the second loan for Marin with Kiva’s partner, VisionFund and she fully paid back the first loan. The first loan has helped her better support her family. Now she is applying for a new loan of 1,500,000 KHR. Marin is going to use this loan to buy more piglets for raising. She hopes to grow her current business to earn a larger income so as to make convenient living conditions.
About VisionFund Cambodia
VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.
Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.